Proposed Provision: Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for those age 62 in 2020-21 to 68 and 63, respectively and then by 3 months per year in 2022-25 to 69 and 64, respectively.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 341 |
2014 | 334 | 334 |
2015 | 328 | 328 |
2016 | 321 | 321 |
2017 | 314 | 314 |
2018 | 306 | 306 |
2019 | 296 | 296 |
2020 | 284 | 285 |
2021 | 272 | 274 |
2022 | 259 | 263 |
2023 | 245 | 251 |
2024 | 230 | 240 |
2025 | 214 | 228 |
2026 | 198 | 217 |
2027 | 181 | 205 |
2028 | 164 | 192 |
2029 | 145 | 179 |
2030 | 127 | 166 |
2031 | 107 | 152 |
2032 | 87 | 137 |
2033 | 67 | 122 |
2034 | 46 | 107 |
2035 | 25 | 92 |
2036 | 4 | 76 |
2037 | -18 | 61 |
2038 | -40 | 45 |
2039 | -62 | 29 |
2040 | -85 | 13 |
2041 | -108 | -3 |
2042 | -130 | -19 |
2043 | -153 | -35 |
2044 | -176 | -51 |
2045 | -200 | -66 |
2046 | -223 | -82 |
2047 | -247 | -98 |
2048 | -271 | -114 |
2049 | -295 | -130 |
2050 | -319 | -146 |
2051 | -343 | -162 |
2052 | -368 | -178 |
2053 | -393 | -195 |
2054 | -418 | -211 |
2055 | -443 | -227 |
2056 | -468 | -244 |
2057 | -494 | -261 |
2058 | -521 | -278 |
2059 | -548 | -296 |
2060 | -575 | -314 |
2061 | -602 | -332 |
2062 | -630 | -350 |
2063 | -659 | -369 |
2064 | -687 | -388 |
2065 | -716 | -407 |
2066 | -746 | -427 |
2067 | -775 | -447 |
2068 | -805 | -467 |
2069 | -835 | -487 |
2070 | -866 | -508 |
2071 | -897 | -529 |
2072 | -928 | -550 |
2073 | -960 | -572 |
2074 | -992 | -594 |
2075 | -1025 | -616 |
2076 | -1058 | -639 |
2077 | -1092 | -662 |
2078 | -1126 | -686 |
2079 | -1161 | -710 |
2080 | -1196 | -734 |
2081 | -1232 | -759 |
2082 | -1268 | -785 |
2083 | -1305 | -810 |
2084 | -1342 | -836 |
2085 | -1380 | -863 |
2086 | -1419 | -890 |
back